Sell DECKERS Once the current bullish phase is over.
This has been a strong stock, driven by the success of UGG and HOKA, these 2 brands cannt do much wrong.
UGG is a Cash cow, and they have managed to diversify the range and customer.
HOKA is currently the best running shoe brand, and its growing and growing.
Deckers is valued at 24 times PE, so it's not far behind Nike On Holdings or Lulu , but miles ahead on other co's like Wolverine, Crocs, so i'm sensing the tougher compares will challenge Deckers, and whilst we see some bullish moment as it breaks all time highs, it will at some point see some slow down.....my prediction is on the arrows.....let's see how wrong i get this
UGG is a Cash cow, and they have managed to diversify the range and customer.
HOKA is currently the best running shoe brand, and its growing and growing.
Deckers is valued at 24 times PE, so it's not far behind Nike On Holdings or Lulu , but miles ahead on other co's like Wolverine, Crocs, so i'm sensing the tougher compares will challenge Deckers, and whilst we see some bullish moment as it breaks all time highs, it will at some point see some slow down.....my prediction is on the arrows.....let's see how wrong i get this